UPSC Practice MCQs  | Trade Performance – Q1 2025

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Q 1:Which of the following sectors witnessed the highest export growth during Q1 FY2025?

A. Marine Products
B. Electronics
C. Tea and Tobacco
D. Petroleum Products

🟢 Correct Answer: B. Electronics

📘 Explanation:
According to the data, the electronics sector saw the highest growth in exports at 47.1%, followed by marine products at 19%, tobacco at 19%, and tea at 16%.

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भारत के कुल व्यापार घाटे (Trade Deficit) में Q1 2025 में कितनी कमी दर्ज की गई?

A. 4.4%
B. 9.4%
C. 6.2%
D. 11%

🟢 सही उत्तर: B. 9.4%

📘 व्याख्या:
सेवा निर्यातों (services exports) में लगभग 11% की वृद्धि के कारण, भारत का व्यापार घाटा 9.4% घटकर $20.3 बिलियन हो गया।

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Q   With respect to India’s Q1 2025 trade data, consider the following statements:

1. Merchandise exports grew faster than services exports.

2. Non-petroleum exports grew by 6%.

3. Overall imports grew by more than overall exports.

Which of the above is/are correct?

A. 1 only
B. 2 and 3 only
C. 1 and 3 only
D. 2 only

🟢 Correct Answer: B. 2 and 3 only

📘 Explanation:

• Statement 1 is incorrect: Services exports grew by 11%, merchandise exports grew by only 2%.

• Statement 2 is correct: Non-petroleum exports grew by 6%.

• Statement 3 is correct: Overall imports grew by 4.4%, while overall exports grew by 6%, but growth in import value was higher in absolute terms due to base effect.

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Q  FY2025 में भारत की सेवा निर्यात वृद्धि (Services Export Growth) लगभग कितनी रही?

A. 6%
B. 2%
C. 11%
D. 16%

🟢 सही उत्तर: C. 11%

📘 व्याख्या:
भारत की सेवा निर्यात वृद्धि लगभग 11% रही, जो $88.5 बिलियन से बढ़कर $98.1 बिलियन हो गई।

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Q  Which of the following statements regarding India’s trade partners is/are correct for Q1 FY2025?

1. USA was the top destination for India’s exports.

2. China was the top source of India’s imports.

3. Russia was not among the top five import sources.

Select the correct answer:

A. 1 and 2 only
B. 1 only
C. 2 and 3 only
D. 1, 2 and 3

🟢 Correct Answer: A. 1 and 2 only

📘 Explanation:

• Statement 1 is correct: USA was the top export destination with $25.5 billion.

• Statement 2 is correct: China remained the top source of imports with $29.7 billion.

• Statement 3 is incorrect: Russia was among the top 5, with imports worth $16.77 billion.

Q  2025 में निम्न में से किस आयात वस्तु में सबसे अधिक प्रतिशत वृद्धि दर्ज की गई?

A. रसायन (Chemicals)
B. चांदी (Silver)
C. कच्चा और अपशिष्ट कपास (Raw & Waste Cotton)
D. गंधक और आयरन पायराइट्स (Sulphur & Iron Pyrites)

🟢 सही उत्तर: D. गंधक और आयरन पायराइट्स

📘 व्याख्या:
गंधक और बिना भुने हुए आयरन पायराइट्स (Sulphur & unroasted Iron Pyrites) में 284% की वृद्धि दर्ज की गई, जो अन्य सभी से कहीं अधिक है।

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Q : Which of the following best explains the significance of services exports in India’s external sector?

A. They increase inflation.
B. They lead to a current account surplus always.
C. They bring foreign exchange and reduce trade deficit.
D. They increase domestic investment in agriculture.

🟢 Correct Answer: C. They bring foreign exchange and reduce trade deficit.

📘 Explanation:
Services exports like IT, finance, consultancy etc., bring foreign exchange earnings, helping to reduce the current account deficit and trade gap, especially when merchandise exports slow down.